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Registration Rate

$395 workshop only;
$295 with conference registration

Agenda

Overview of the Low-Income Housing Tax Credit

• The need for affordable housing
• Tax credits bringing in investment

The Typical LIHTC Structure

• Developer, investor and syndicator
• Lower-tier operating partnership and upper-tier fund partnership
• Benefits: tax credits, losses, developer fees, syndication fees, etc.

The Project Time Line

• Forming the partnership
• Applying for credits
• Construction and lease-up
• Certificate of occupancy, Forms 8609 and claiming credits

Property Compliance

• Minimum set-aside
• Income limits and rent limits
• Tax credit period, compliance period and extended-use period

The Tax Credit Calculation

• Eligible basis, DDAs and QCTs, applicable fraction, qualified basis, tax credit percentages

Bond-Financed Projects

• Borrower, purchaser, issuer, underwriter, trustee, lender, credit enhancer, etc.
• The fifty-percent test

“Competitive” (9%) Projects vs. Bond-Financed (4%) Projects

• Financing fees, loan interest rates, rent limits, financing leverage, amenity costs, debt-to-equity ratio, etc.

Financing the Project

• Fluctuating tax credit percentages, changes in credit pricing
• Recent legislation: HERA, EESA and ARRA
• TCAP and 1602 Exchange gap funding

Lunch will be provided from 12:00 to 1:00